J.Safra Asset Management Corp Purchases New Holdings in British American Tobacco p.l.c. $BTI

Key Points

• J.Safra Asset Management Corp has acquired a new stake in British American Tobacco, purchasing 8,566 shares valued at approximately $402,000 in the second quarter.
• British American Tobacco shares are down 1.5%, with a current trading price around $50.79, amidst a twelve-month price range of $34.17 to $59.29.
• Analysts have mixed ratings for the stock, with target prices ranging from $40.00 to $62.00, resulting in a consensus rating of "Hold" and an average target price of $51.00.

J.Safra Asset Management Corp purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,566 shares of the company's stock, valued at approximately $402,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in British American Tobacco by 31.1% during the 1st quarter. Farther Finance Advisors LLC now owns 4,098 shares of the company's stock worth $168,000 after buying an additional 971 shares during the last quarter. GAMMA Investing LLC lifted its holdings in British American Tobacco by 26.8% during the 1st quarter. GAMMA Investing LLC now owns 6,681 shares of the company's stock worth $276,000 after buying an additional 1,411 shares during the last quarter. CX Institutional bought a new position in British American Tobacco during the 1st quarter worth approximately $34,000. Fifth Third Bancorp lifted its holdings in British American Tobacco by 29.4% during the 1st quarter. Fifth Third Bancorp now owns 14,253 shares of the company's stock worth $590,000 after buying an additional 3,241 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC lifted its holdings in British American Tobacco by 1.6% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company's stock worth $691,000 after buying an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company's stock.

British American Tobacco Stock Down 1.5%

Shares of British American Tobacco stock opened at $50.79 on Tuesday. British American Tobacco p.l.c. has a twelve month low of $34.17 and a twelve month high of $59.29. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $104.37 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 3.57 and a beta of 0.42. The business's 50 day simple moving average is $55.29 and its 200-day simple moving average is $49.29.

Analysts Set New Price Targets

BTI has been the topic of a number of research analyst reports. Argus raised British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 target price on the stock in a report on Monday, September 8th. Morgan Stanley reaffirmed an "underweight" rating and set a $40.00 target price on shares of British American Tobacco in a report on Friday, August 15th. Jefferies Financial Group began coverage on British American Tobacco in a report on Wednesday, July 9th. They set a "buy" rating on the stock. Wall Street Zen cut British American Tobacco from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Royal Bank Of Canada cut British American Tobacco from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, September 2nd. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, British American Tobacco has a consensus rating of "Hold" and an average target price of $51.00.

British American Tobacco Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.

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